Increased interest in electric vehicles suggests tipping point in Singapore
The region is betting big on electric vehicles (EVs), with countries vying for different parts of the lucrative pie. That being said, there are still several barriers for EV adoption throughout the region, including limited vehicle choices, lack of charging infrastructure and higher upfront vehicle cost. In this series of stories, BT takes a look at what governments in Singapore, Indonesia and Thailand are doing to spur the adoption of EVs and how they are positioning their respective economies to ride this wave.
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Singapore
THE marked increase in interest in electric vehicles (EVs) in the past fortnight suggests that Singapore is moving toward a real tipping point moment which augers well for the Republic's ambition to be a hub for innovation and EV manufacturing.
Indeed, market watchers have suggested that an EV innovation cluster would be able to enjoy synergy with the existing aviation innovation cluster in Singapore, thereby presenting Singaporeans with deep skills in other manufacturing industries to shift and innovate in a new industry.
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